Edible Garden AG , Inc. (EDBL) has released an update to notify the public and investors about corporate charter and bylaws modifications.
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On January 24, 2024, the Board approved an amendment to the Company’s Bylaws that became effective immediately, reducing the quorum requirement for stockholder meetings from a majority to one-third of the shares entitled to vote. Additionally, the Amendment changes the voting requirement for non-director elections to a majority of votes cast, aligning with recent updates to the General Corporation Law of the State of Delaware. Further details of the Amendment are available in the full text filed with the current report.
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